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November 25, 2017, 12:07:42 PM *
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Question: Nov. 30 Price Forecast:
Below $5,500 - 34 (12.1%)
$5,500 to $6,000 - 13 (4.6%)
$6,000 to $6,500 - 8 (2.9%)
$6,500 to $7,000 - 22 (7.9%)
$7,000 to $7,500 - 23 (8.2%)
$7,500 to $8,000 - 23 (8.2%)
$8,000 to $8,500 - 40 (14.3%)
Over $8,500 - 117 (41.8%)
Total Voters: 280

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Author Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion  (Read 19756127 times)
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starmman
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November 08, 2017, 06:58:06 PM

We still do need higher transaction capacity. The only question is how.
DOGE has 10x capacity by having a 1m block time instead of 10, if there was a way to reduce the reward by 10x and decrease the time to 1m that would work - or am I wrong =)
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Rosewater Foundation
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November 08, 2017, 07:00:20 PM

I can't help but think my mean spirited meme is responsible for this.
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November 08, 2017, 07:00:39 PM

It sounds like you must Enjoy having Blockstream's  dick shoved down your throat while your paying $100+ to move your coins off an exchange.

Tell your grandma to buy Bitcoin, it's a great investment. I'm sure she will love the part where she has to calculate a priority fee to pay based on the size of her transaction.

For everything else, there's Bitcoin Cash.

What sort of idiot is in bitcoin to spend them in b/s?
It's just you.

Yeah, because the thousands of people who have disconnected themselves from the banks and from FIAT don't exist.

Legacy Bitcoin has been taken over by corporate interests that want to prevent BTC from scaling, thus removing competition and ensuring their monopolies will continue uncontested. No one is going to want to pay $20, 30, 40, 50$+ fees to make a payment or just to move coins. Thus, Legacy Bitcoin has truly become a Banking Settlement Layer - with fees comparable to a bank wire, and confirmation times comparable to a bank wire. This is Bitcoin now. Enjoy it. It's what you wanted.
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November 08, 2017, 07:00:58 PM

We still do need higher transaction capacity. The only question is how.
DOGE has 10x capacity by having a 1m block time instead of 10, if there was a way to reduce the reward by 10x and decrease the time to 1m that would work - or am I wrong =)

maybe this will do it

http://www.rsk.co/

Ginger is the public release of the open source Testnet Network. Powered by Bitcoin, the most secure distributed network in the world, users will be able to run their smart contracts in a platform that can scale up to 2.000 tx/sec on chain and 20.000 tx/sec off chain, providing the scalability needed for global financial solutions.
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November 08, 2017, 07:01:11 PM

It sounds like you must Enjoy having Blockstream's  dick shoved down your throat while your paying $100+ to move your coins off an exchange.

Tell your grandma to buy Bitcoin, it's a great investment. I'm sure she will love the part where she has to calculate a priority fee to pay based on the size of her transaction.

For everything else, there's Bitcoin Cash.

What sort of idiot is in bitcoin to spend them in b/s?
It's just you.

Exactly this. Branson can't buy his coffee with Bitcoin. Shit
Dabs
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November 08, 2017, 07:01:58 PM

So... SW2X futures? Are going to zero, because, it's not going to launch. What about all the traders who already cashed out ... The ones left behind rekt?
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November 08, 2017, 07:02:14 PM

It sounds like you must Enjoy  paying $100+ to move your coins off an exchange.

Tell your grandma to buy Bitcoin, it's a great investment. I'm sure she will love the part where she has to calculate a priority fee to pay based on the size of her transaction.

For everything else, there's Bitcoin Cash.

"Grandma" just gave her verdict I think. She'd rather pay a $100 transaction fee than take a million dollar capital loss because her store of value got f*d with at the protocol level.
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November 08, 2017, 07:02:47 PM

I walk away for lunch and this happens. let me get this straight, the 2x fork is gone. and the price swung over 1k... with 40k of volume. WTF
Rosewater Foundation
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November 08, 2017, 07:03:35 PM

So... SW2X futures? Are going to zero, because, it's not going to launch. What about all the traders who already cashed out ... The ones left behind rekt?

Where can we watch the carnage?
Aqualung89
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November 08, 2017, 07:04:23 PM

Now you need to stop and the other Alt-coins of the money need to slide. This is what seems to be right now, but let's see how long it will take.
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November 08, 2017, 07:05:02 PM

We still do need higher transaction capacity. The only question is how.
DOGE has 10x capacity by having a 1m block time instead of 10, if there was a way to reduce the reward by 10x and decrease the time to 1m that would work - or am I wrong =)
Yes, but that would also lower the required processing power for hostile mining action to a tenth. Also concerns with orphaned blocks and etc which is over my head.
chopstick
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November 08, 2017, 07:06:59 PM

Well would you look at that, Bitcoin is dropping while Alts are once again skyrocketing in value.

If Bitcoin can't scale and can't be used for everyday transactions, then this also diminishes its usefulness as a store of value. Bitcoin becomes primarily an instrument for rich speculators, and little else. Other coins will be used for actual commerce and day to day transactions.

Are you all happy now?
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November 08, 2017, 07:07:14 PM

Thus, Legacy Bitcoin has truly become a Banking Settlement Layer - with fees comparable to a bank wire, and confirmation times comparable to a bank wire. This is Bitcoin now. Enjoy it. It's what you wanted.

So go use Bitcoin Cash and fk off maybe?
mattimann
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November 08, 2017, 07:09:58 PM

Just think of all the Idiots, who traded that shit on Hitbtc...
That Butt must hurt...
starmman
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November 08, 2017, 07:10:03 PM

We still do need higher transaction capacity. The only question is how.
DOGE has 10x capacity by having a 1m block time instead of 10, if there was a way to reduce the reward by 10x and decrease the time to 1m that would work - or am I wrong =)
Yes, but that would also lower the required processing power for hostile mining action to a tenth. Also concerns with orphaned blocks and etc which is over my head.
I was pretty sure that it wasn't so simple - but not sure why LOL
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November 08, 2017, 07:12:10 PM

What a day - from 7000 to 7900 then back to 7000 and now slowly back to 7900. Incredible! Too bad kraken fucked me up.  Undecided Anyway, Electrum tweet (Segwit Who?) says it all:

https://twitter.com/ElectrumWallet/status/928330837967458305
bitcoinPsycho
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November 08, 2017, 07:12:41 PM

Thus, Legacy Bitcoin has truly become a Banking Settlement Layer - with fees comparable to a bank wire, and confirmation times comparable to a bank wire. This is Bitcoin now. Enjoy it. It's what you wanted.

So go use Bitcoin Cash and fk off maybe?
you beat me to it lol
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November 08, 2017, 07:13:26 PM

Gawd spent the last 30 minutes trying to put an order in on an old toaster, to buy back in. Still don't know which one came through haha, as that data is not available yet. Anyway, I'm back wiith a 3-5% haircut. Price I had to pay to be on the safe side. Didn't want to get roached.

Edit: 2.6% haircut.
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November 08, 2017, 07:15:04 PM

There's about at least 600,000 transactions per day. I used to do hundreds of them every day ... sending to 1dice addresses.
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November 08, 2017, 07:16:51 PM


All I ask is they pump it to 10X or 20X first, lol.  Tongue

Yeah, 2X was way underselling it.
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